Tuesday, 31 July 2018

The Indian Rupee Opened Marginally Lower At 68.70 Per Dollar On Tuesday



The Indian rupee opened marginally lower at 68.70 per dollar on Tuesday against previous close 68.67.

The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

After Closing At Record Highs In Monday’s Trade The Benchmarks Indices Opened Lower On Tuesday



After closing at record highs in Monday’s trade the benchmarks indices opened lower on Tuesday, with the Nifty trading below 11,300 mark and Sensex below 37,400.

The Sensex is down 100.14 points at 37394.26, and the Nifty down 27.30 points at 11292.20. About 459 shares have advanced, 379 shares declined, and 65 shares are unchanged.

Axis Bank, Tech Mahindra, ONGC, Lupin, Power Grid, Dr Reddy's Laboratories are up 0.5-1 percent, while HDFC, ICICI Bank, Adani Port, L&T, Tata Steel are among the major losers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 30 July 2018

The Indian Rupee Opened Lower By 5 Paise At 68.70 Per Dollar On Monday

The Indian rupee opened lower by 5 paise at 68.70 per dollar on Monday versus Friday's closing 68.65.

On Friday, rupee rose for the third consecutive session against the US dollar ahead of important major central bank policy meetings scheduled this week.

RBI’s monetary policy statement will be released this week and expectation is that the central bank would hold rates unchanged but any hawkish comments could extend gains for the rupee, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory
 

Equity Benchmarks Have Given Up all Of Their Gains Dragged By A Selling In Midcaps

Equity benchmarks have given up all of their gains, dragged by a selling in midcaps, IT as well as pharmaceuticals space. The Nifty continues to trade above 11,250-mark.

The Sensex is down 14.84 points or 0.04% at 37322.01, and the Nifty down 8.90 points or 0.08% at 11269.50. The market breadth, however, is positive as 1,208 shares advanced, 748 shares declined, while 118 shares are unchanged.

Shares of State Bank of India, HPCL and ONGC have gained the most on both indices, while Kotak Mahindra Bank and Wipro were the top losers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory





Friday, 27 July 2018

The Share Price Of Sun Pharma Has Seen A Sharp Rebound In The First Half Of June 2018



The share price of Sun Pharma has seen a sharp rebound in the first half of June 2018 after forming a bullish double bottom around Rs 435. In the last five weeks, it is seen consolidating in a narrow range thus forming the base for the next up move.

The stock during mid-June 2018 has registered a resolute breakout above the falling trend line Joining the high of August 2016 (855) and February 2018 (609) placed at Rs 540 levels.

The index in the last five weeks is consolidating in a range above the trend line breakout area and the 52 weeks EMA signalling higher base formation in the stock

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Yes Bank Stock Had A Stellar Run Over The Past Month



The Yes Bank stock had a stellar run over the past month, outperforming benchmark indices by quite a margin.

So the fall in share price after the bank declared its Q1 FY19 earnings is, prima facie, a thumbs down to the numbers.

But a closer look at the numbers suggests that the bank’s performance was fairly in line, with strong business growth and fee income traction. While the interest margin was a disappointment, the outlook is positive.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 26 July 2018

Shares Of Larsen & Toubro Rose 2 Percent In The Opening Trade On Thursday

Shares of Larsen & Toubro (L&T) rose 2 percent in the opening trade on Thursday on the back of robust numbers declared by the company in the quarter ended June 2018 (Q1FY19).

The company posted a 13.8 percent year-on-year (YoY) increase in consolidated net profit at Rs 1,213 crore, beating analyst estimates driven by order inflow
growth in infrastructure, heavy engineering and hydrocarbon segments.

Profit for the same period last year was Rs 1,065.54 crore. The Q1FY19 profit was aided by one-off gain of Rs 355 crore from divestment of Kattupalli port to Adani group.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Have Made A Flat Start on Thursday Morning



Benchmark indices have made a flat start on Thursday morning, with the Sensex hitting a fresh record high, but the Nifty is still a few points away from the fresh record high.

The Sensex is up 43.42 points or 0.12% at 36901.65, while the Nifty is up 9.50 points or 0.09% at 11141.50. The market breadth is positive as 313 shares advanced, against a decline of 131 shares, while 37 shares are unchanged.

Among sectoral indices, PSU banks, FMCG, infra and auto names are trading strong, while weakness is visible in the pharmaceuticals space. The Nifty Midcap index is up over 0.10 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 25 July 2018

The Indian Rupee Opened Flat At 68.96 Per Dollar On Wednesday



The Indian rupee opened flat at 68.96 per dollar on Wednesday versus previous close 68.94.

The dollar-rupee July contract on the NSE was at 68.93 in the previous session. July contract open interest declined 2.98 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

After Hitting A Fresh Record High In The Opening Tick The Sensex Is Now Off The Day



After hitting a fresh record high in the opening tick, the Sensex is now off the day’ high points. The Nifty, too, failed to hit a fresh record, but is currently trading above 11,100-mark.

Among sectors, metals have extended their gains from the previous session, with the Nifty metals index up over 1.5 percent, while PSU banks are trading in the green too.

The Sensex is up 35.89 points or 0.10% at 36860.99, while the Nifty is up 1.50 points or 0.01% at 11135.80. The market breadth is positive as 1157 shares advanced, against a decline of 588 shares, while 104 shares were unchanged.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory


Tuesday, 24 July 2018

After Opening At Record High The Sensex Is Now Up Over 150 Points

After opening at record high, the Sensex is now up over 150 points, while the Nifty is seen inching towards a fresh milestone as well.

Buying in midcaps space has boosted both indices, while a big surge is seen among metals, automobiles and pharmaceutical sectors.

Financials, too, are trading in the green. Among stocks, shares of Delta Corp and United Spirits are up 1-5 percent on the back of good June quarter results. UltraTech Cement is another gainer, a beneficiary of ACC’s rally, as the stock is up 5 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Looked To Continue Their Momentum From Monday

Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.

At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 23 July 2018

The market Has Begun The Day On A Positive Note With The Nifty Trading



The market has begun the day on a positive note, with the Nifty trading well above 11,000-mark.

The Sensex is up 70.13 points or 0.19% at 36566.50, while the Nifty is up 28.30 points or 0.26% at 11038.50. The market breadth is narrow as 319 shares advanced, against a decline of 144 shares, while 61 shares are unchanged.

All sectoral indices are trading in the green, with maximum buying seen among FMCG, financials as well as metal stocks. In the broader markets, the midcap index is up around one-tenth of a percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian rupee Gained In The Early Trade On Monday



The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 20 July 2018

A Recovery In Midcaps Along With A Surge In IT Space Has Boosted The Market On Friday



A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note. The Sensex is currently higher by over 100 points, while the Nifty was seen inching towards 11,000.

The rupee touched a new low of 69.12 to the dollar, which has boosted IT stocks. The Nifty IT index is up over 1 percent at this point. Along with it, midcaps have recovered from the low points of the day.

The Nifty Midcap index is up around one-tenth of a percent. Metals are trading weak, led by losses in Vedanta. The stock is down 2 percent. Shares of Reliance Industries has hit a fresh record high. The scrip has gained 46 percent in the past on year.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Have Continued To Trade Strong On Friday Morning



Benchmark indices have continued to trade strong on Friday morning, with the Sensex trading around 150 points higher, while the Nifty has reclaimed 11,000.

The IT index has further extended its gains, while pharmaceutical stocks too are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index.

Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory



Thursday, 19 July 2018

Equity Benchmarks Have Begun The Day On A Positive Note With The Sensex Gaining



Equity benchmarks have begun the day on a positive note, with the Sensex gaining over 100 points, while the Nifty has reclaimed 11,000 in the opening tick.

The Sensex is up 106.61 points or 0.29% at 36480.05, while the Nifty is up 24.40 points or 0.22% at 11004.90. The market breadth is positive as 261 shares advanced, against a decline of 105 shares, while 40 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among metals, and automobiles. Midcaps, meanwhile, are trading absolutely flat.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Slipped In The Early Trade On Thursday

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.

Rupee fell against the US dollar in yesterday’s session following uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.

Following the Fed Chairman testimony the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth, and played down the risks to the US economy of the escalating trade conflict.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 18 July 2018

The Indian Rupee Opened Marginally Higher At 68.42 Per Dollar On Wednesday



The Indian rupee opened marginally higher at 68.42 per dollar on Wednesday versus 68.45 yesterday.

Yesterday, rupee broadly consolidated in a range but traded with a slight positive bias despite strength in the dollar against its major crosses. Crude oil came under pressure API after reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to expectations that this week would see a draw in crude oil inventories of 3.62mbpd, said Motilal Oswal.

Crude has been one of the major factor that is supporting the rupee and sustained fall in the same could continue to keep losses capped for the rupee.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

After Opening At A Record High The Sensex Is Currently Off Its Opening Levels



After opening at a record high, the Sensex is currently off its opening levels, while the Nifty is hovering around 11,050-mark.

Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.

Share price of PNB, IOB, Andhra Bank, Corporation Bank and Allahabad Bank reacted positively on the government capital infusion plan.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 17 July 2018

Shares Of Glenmark Pharma Added 1.5 percent In The Opening Trade On Tuesday


Shares of Glenmark Pharma added 1.5 percent in the opening trade on Tuesday as company received final approval from USFDA for Colesevelam Hydrochloride.

Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Colesevelam Hydrochloride for Oral Suspension, 1.875 grams/Packet and 3.75 grams/Packet.

Colesevelam Hydrochloride is a generic version of Welchol 1 of Daiichi Sankyo Inc.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Gained In The Opening Trade On Tuesday It Has Opened Higher By 18 Paise



The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.

Rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.

In the last few sessions crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that US could tap its Strategic Petroleum Reserve, which would add supply to the market.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 16 July 2018

The Indian Rupee Opened Marginally Lower At 68.55 Per Dollar On Monday



The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.

Rupee fell on Friday, ahead of the trade balance number that was released post market hours. India’s trade deficit for June widened to the highest level driven largely by a surge in oil prices, said Motilal Oswal.

Merchandise exports rose 17.57 percent Y-o-Y in June, the trade deficit widened to USD 16.6 billion from USD 14.62 billion in May. Oil imports during April- June 2018-19 were valued at USD 34.64 billion which was 49.44 percent higher as compared to the same period last year.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Begun The Day On A Flat At Note With The Nifty Holding



Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.

The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.

Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory


Friday, 13 July 2018

The Indian Rupee Gained in The Early Trade On Friday It Has Opened higher By 20 Paise



The Indian rupee gained in the early trade on Friday. It has opened higher by 20 paise at 68.37 per dollar versus 68.57 yesterday.

The dollar-rupee July contract on the NSE was at 68.67 in the previous session. July contract open interest declined 3.85% in the previous day, said ICICIdirect

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in pair to initiate short positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Is Currently Off Its High Points With The Sensex Currently Trading Flat



The market is currently off its high points, with the Sensex currently trading flat, while the Nifty is continuing to hold 11,000.

The Sensex is up 37.90 points or 0.10% at 36586.31, while the Nifty is down 2.20 points or 0.02% at 11021.00. The market breadth is negative as 647 shares advanced, against a decline of 1,094 shares, while 93 shares are unchanged.

Wipro and Reliance Industries are up 1-3 percent, while State Bank of India, Axis Bank, UPL and Bharti Infratel have lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 12 July 2018

Equity Benchmarks Have Continued To Trade Strong With The Sensex Rising



Equity benchmarks have continued to trade strong, with the Sensex rising over 250 points, while the Nifty continues to trade above 11,000-mark.

The Sensex is up 269.49 points or 0.74% at 36535.42, while the Nifty is up 84.30 points or 0.77% at 11032.60. The market breadth is positive as 1,295 shares advanced, against a decline of 548 shares, while 112 shares are unchanged.

Yes Bank, Reliance Industries, HPCL and BPCL were the top gainers, while Infosys, M&M, and Bharti Infratel lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

It’s A Green Start To The Market And The Nifty Has Managed To Reclaim 11,000



It’s a green start to the market and the Nifty has managed to reclaim 11,000 in the opening tick. It has achieved the the feat for the first time since February 1. The Sensex is touched an all-time high mark as well and is up over 180 points as well.

The Sensex is up 187.13 points or 0.52% at 36,453.06, while the Nifty is up 65.40 points or 0.60% at 11,013.70. The market breadth is positive as 502 shares advanced, against a decline of 139 shares, whereas 41 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains in PSU banks, energy and metal names, while midcaps, too, are trading almost a percent higher.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 11 July 2018

Rupee Opens The Indian Rupee Opened Flat At 68.82 Per Dollar On Wednesday


Rupee opens The Indian rupee opened flat at 68.82 per dollar on Wednesday versus previous close 68.83.

The dollar-rupee July contract on the NSE was at 68.98 in the previous session. July contract open interest declined 1.31% in the previous day, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Market Update Benchmark Indices Have Continued To Trade Flat In The First Hour



Market Update Benchmark indices have continued to trade flat in the first hour of trade, with the Nifty hovering around 10,950.

The Sensex is up 10.50 points or 0.03% at 36250.12, while the Nifty is up 2.40 points or 0.02% at 10949.70. The market breadth is narrow as 901 shares have advanced, against a decline of 836 shares, while 91 shares are unchanged.

TCS, Bajaj Auto, and Bharti Infratel are the top gainers, while Vedanta, Coal India, and Hindalco have lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 10 July 2018

Equity Benchmarks Have Begun The Day On A Strong Note With The Sensex Conquering



Equity benchmarks have begun the day on a strong note, with the Sensex conquering 36,000-mark in the opening tick, while the Nifty is just short of 10,900.

At 09:16 hrs IST, the Sensex is up 112.11 points at 36046.83, while the Nifty is up 30.80 points at 10883.70. The market breadth is positive as 480 shares advanced, against a decline of 148 shares, while 46 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains visible among PSU banks. IT, pharmaceuticals and energy indices on the Nifty have followed suit. The Nifty Midcap index is also up around half a percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Has Extended Its Gains With The Sensex Gaining Over 200 Points



The market has extended its gains, with the Sensex gaining over 200 points, while the Nifty is trading well above 10,-00-mark.

The market breadth is positive as 1223 shares advanced, against a decline of 468 shares, while 80 shares were unchanged.

Reliance Industries, Yes Bank, HCL Technologies and UPL are the top gainers, while Sun Pharma, Kotak Mahindra Bank, and HPCL have lost the most.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 9 July 2018

The Nifty Closed 0.54 Percent Higher For The Week-Ended July 6 Amid Fears




The Nifty closed 0.54 percent higher for the week-ended July 6 amid fears of a trade war between US and China and depreciating rupee versus the dollar.

The index closed above most of its crucial short-term moving averages such as its 5, 13, and 50-day exponential moving average (EMA) on the daily charts.

The index failed to held on to its crucial level of 10,800 and closed marginally above 10,770. Most analysts advise investors to wait for a breakout in either side before initiating fresh positions.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Benchmark Indices Are Trading On A Positive Note This Monday Morning



The Indian benchmark indices are trading on a positive note this Monday morning with the Nifty adding 55 points and is trading at 10,828 mark. The Sensex is trading higher by 178 points at 35,836.

Nifty pharma is up over 1 percent led by Dr Reddy's Labs, Cadila Healthcare, Cipla, Aurobindo Pharma and Sun Pharmaceutical Industries.

Metal stocks are also shining this morning led by MOIL which jumped 5 percent while Jindal Steel & Power is up 2.5 percent. The other gainers include Vedanta, Hindustan Zinc, Nalco, SAIL and Tata Steel among others.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 6 July 2018

The Benchmark Indices Are Marginally Lower In The Opening Trade



The benchmark indices are marginally lower in the opening trade amid weak Asian markets.

The Sensex is up 24.01 points or 0.07% at 35598.56, and the Nifty up 1.70 points or 0.02% at 10751.50. About 371 shares have advanced, 517 shares declined, and 55 shares are unchanged.

Vedanta, Titan, Hindalco, Tata Steel, UntraTech Cement, ONGC, IndusInd Bank, Maruti Suzuki and HDFC are the major loser in the market.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Oil Markets Opened Cautiously Lower On Friday Ahead Of A Raft Of Import Tariffs



Oil markets opened cautiously lower on Friday ahead of a raft of import tariffs set to be imposed later in the day by the world's two biggest economies, the United States and China.

International Brent crude oil futures were at $77.18 per barrel at 0043 GMT, down 21 cents, or 0.3 percent, from their last close.

US West Texas Intermediate (WTI) crude futures were down 6 cents, or 0.1 percent, at $72.88 per barrel.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 5 July 2018

The Rupee Declined 9 Paise To 68.83 Against The US Dollar Pressured By A Lower Opening



The rupee declined 9 paise to 68.83 against the US dollar, pressured by a lower opening in the domestic stock market.

Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.

Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Is Trading With Marginal Loss With Sensex Down 70 Points



The market is trading with marginal loss with Sensex down 70 points at 35576.87, while Nifty trading below 10,750.

About 943 shares have advanced, 1062 shares declined, and 113 shares are unchanged.

Infosys, Titan Company, Tata Motors, Vedanta and Tata Steel are the negative contributors to the Nifty. Among the sector, pharma, banks, FMCG are holding the gains, while auto, metal, IT, infra are trading lower.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 4 July 2018

The Market Is Mildly Lower Amid Consolidation In Morning As Traders



The market is mildly lower amid consolidation in morning as traders remained cautious ahead of Q1 earnings which will begin next week.

The Nifty is hovering around 10,700 levels while the Nifty Midcap index fell nearly half a percent.

ITC, TCS, Infosys and L&T are among top contributors to the Nifty's fall while the buying in HDFC and Reliance Industries capped those losses.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Nifty50 Is Likely To Open Flat With A Negative Bias On Wednesday



The Nifty50 is likely to open flat with a negative bias on Wednesday tracking muted trend seen in other Asian markets. The index closed 42 points higher at 10,699 on Tuesday.

Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the US July 4 holiday, said a Reuters report.

The Dow Jones Industrial Average declined 0.54 percent to end at 24,174.82 points, while the S&P 500 lost 0.49 percent to 2,713.22. The Nasdaq Composite dropped 0.86 percent to 7,502.67.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 3 July 2018

The Nifty50 Is Likely To Open Flat On Tuesday But With a Positive Bias Tracking



The Nifty50 is likely to open flat on Tuesday but with a positive bias tracking muted trend seen in other Asian markets. The index closed 57 points lower at 10,657 on Monday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 5 points or 0.05 percent. Nifty futures were trading around 10,655-level on the Singaporean Exchange.

Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Remained Rangebound In Morning Despite Correction In The Asian Peers



The market remained rangebound in morning despite correction in the Asian peers. Shanghai fell over a percent as investors worried over Beijing's trade relations with the US soured sentiment in the region.

The broader markets continued to underperform frontliners whlie the sectoral trend is mixed with Nifty Metal and PSU Bank falling a percent each.

Vedanta and Bharti Infratel declined more than 3 percent while ONGC rallied 3.5 percent. Reliance Industries, TCS, HDFC Bank and Infosys shares are supporting the market.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 2 July 2018

Benchmark Indices Started Off The First Day Of Second Half Of CY18 On A Flat Note



Benchmark indices started off the first day of second half of CY18 on a flat note, tracking mixed Asian cues amid ongoing trade tensions.

The 30-share BSE Sensex rose 32.99 points to 35,456.47 and the 50-share NSE Nifty gained 0.80 points at 10,715.10.

Tata Motors, Tata Steel, Maruti Suzuki, HPCL, BPCL, Bajaj Auto, Titan Company, Tech Mahindra and Infosys are early gainers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Extended Losses In Morning With The Sensex Falling More Than 200 Points



The market extended losses in morning with the Sensex falling more than 200 points. Asian stocks are under pressure with China's Shanghai losing over a percent ahead of a looming deadline when tariffs from both Washington and Beijing are expected to take effect.

The Nifty Midcap index traded in line with frontliners, falling more than half a percent.

The 30-share BSE Sensex fell 223.65 points to 35,199.83 and the 50-share NSE Nifty slipped 74.80 points to 10,639.50. About 1,133 shares declined against 874 advancing shares on the BSE.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory